APONTIS PHARMA AG with new forecast 2023 and details on announced restructuring program – Biotech Investments

Publication of inside information pursuant to Article 17 of the Regulation (EU) No. 596/2014

APONTIS PHARMA AG with new forecast 2023 and details on announced restructuring program

Monheim am Rhein, 8 November 2023. APONTIS PHARMA AG („Company“, Ticker APPH / ISIN DE000A3CMGM5) today based on the nine-month figures of the current financial year announces a new forecast for 2023. Accordingly, the Company expects revenues of EUR 36.1 million and EBITDA before restructuring expenses of EUR -8.6 million in the 2023 financial year.

In order to return to a profitable growth path, the Company has also adopted the announced program to increase operational performance and efficiency and presented it to the works council. The objective is to achieve significant savings by reducing personnel while at the same time increasing the effectiveness of sales and marketing. The number of jobs to be reduced is currently being negotiated with the works council. For a full financial year, savings of between EUR 6.0 million and EUR 7.0 million are expected. The necessary restructuring expenses are estimated to total between EUR 5.0 million and EUR 8.0 million.

APONTIS PHARMA AG

Investor Relations
ir@apontis-pharma.de
T: +49 2173 89 55 4900
F: +49 2173 89 55 1521
Alfred-Nobel-Str. 10
40789 Monheim am Rhein
Germany
apontis-pharma.de

APONTIS PHARMA press contact

CROSS ALLIANCE communication GmbH
Sven Pauly
ir@apontis-pharma.de
T: +49 89 125 09 0330